Will Buying bitcoins now be a good option for investment??
Look at what just happened to the price. Now it will probably rise back up sooner or later, but that's the kind of volatility you must be prepared for. Right now Bitcoin is worth $822 which got down from 1100$. That is a lot in just a matter of days. The price fall shows that Bitcoin even if it is 2017 it is still volatile. Bitcoin until now is still not stable I can imagine that 20 years from now maybe it will find its footing by then. 20 years is a lot for it to be stable now. |
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It is not that bad. Mostly the media change or exaggerates the news too much in order for us people believe that the government or our country over all is bad. Also numbers don't lie, statistivs shows how your country is developing or how it is declining you must ficus on your research or you can confirm the news by yourself to avoid confusion.
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- Bitcoins are not still widely accepted.
- Bitcoins are volatile
- Wallets can be lost
-Lack of bitcoin understanding
That sums it up pretty well. It's awesome though that even it's biggest disadvantages can be improved upon! I agree with you that Bitcoin is a volatile currency and the other three reasons are due to us people who lack the effort. We lack the effort of understanding Bitcoin and also we are also clumsy about losing our wallets. I don't say it as a whole but that is commonly the problem when it comes to Bitcoin. Also we have the power to accept Bitcoin as a whole. |
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I get passive income from rent heavy equipment, I have 3 units loaders and 5 units forklift, I rented out to several factories located close to where I live. Every month I get enough income and I not job. Everyday I just visiting heavy equipment that I rented out, buying spare parts for maintenance, and make sure everything no problem.
Then it's not total passive income.. it still requires supervision of the machinery, seeing that everything is working so you don't rent something that is damaged or not fully functions which would lead to big problems with renters etc... I think the only real passive income i can think off is renting parking spots. You have a parking spot and you rent it so someone so he can park his car... that's about it. It doesn't require any maintenance, it's just a space made of asphalt and that's all. Other than that, I can't think of true passive income. Stock ownership provides passive income if the stock pays a dividend. Savings accounts are also passive income, though inflation is likely to outpace the rate of return there, so you would see a nominal gain and a purchase power loss. yes they are but i think the passive income is often a very small amount that we get in bonus or dividend. i think we should try to remain active in trading for short term or long term but need to invest in alt coin from where you can even make a good profit in a short period of time that will be too more that your passive income. It really depends on the stock you are investing your money in. Because some stock pays dividends only once a year or once every two years or they don't pay dividends at all and just rely on capital appreciation. Be careful on what stock you buy because you will never know when it will go down together with what you invest in it. You can't really rely on dividends as a kind of passive income because they are not as frequent as what you think. |
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Why do you need to spend real money just to promote a currency (Bitcoin)? When we can have a free promotion just by people or owners of companies willing to accept it into their businesses. Also this is not a fool proof plan. Donating Btc with that amount is really hard for people not to steal it even if you are the most trusted person alive. The idea is not feasible actually.
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I don't get why you would want to consider gambling as a sickness. There is no logic to it. Gambling addiction, that is what you should look at not gambling itself. When you gamble you are not considered as an addict to it yet. A single bet should not be judged by anyone. Some people just randomly want to bet on something.
When people get too much addicted to something they tend to consider it as a sickness just like the OP of this thread. I think "sick" here means bad according to OP, and that has to do with people losing too much and becoming beggars - this business of casinos is a sick way of making money for the owners. Otherwise its just a mental problem to get addicted and not get interested in anything else. People who gamble like addicts surely seem sick mentally to me. Well it can't be some kind of sickness because it can be healed naturally by rehab. Gambling addiction happens psychologically which there is no damage in the organs or infection of anything. Addiction can also be cured through socialization which is good for people addicted because the interact with people who can help them with their addiction. |
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Thinking of where to invest bitcoins? Well, I'd say that buying bitcoins is investment itself. You're investing your money in a well known crypto currency. Bitcoin is able to rise to the moon in the future. Those who bought a lot of bitcoins when it just came out, are billionaires right now. I think it's not too late to invest in this amazing coin. All ponzi schemes are scams. But nonetheless, you can play around with altcoins, and trade there; they are also promising coins. Avoid greed while choosing where to invest in; Indeed, that's all that matter in business.
What you have said is true about Bitcoin. And right now the only way to maximize your profit with Bitcoin is buying it for a low price. Last year we have seen it reach 500$ mark. And this year we have seen it go up to as much as 1100$ and it is just the first month of 2017 right now. Bitcoin has a lot of potential to grow so the idea is buying it at a cheap price. |
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No I do not think that banks can be destroyed by the bitcoin itself, the government will indeed stop this and the banks itself also has enough power to stop this easily.
Yes, It can . if bitcoin is accepted by government , I'm sure Bitcoin can make banks disappear at one. Now. there are many people using bitcoin for payment, purchase, trading online. It's easy and fast in transaction. Why? Now let say the government accepts Bitcoin then automatically Businesses and related establishments will also accept Bitcoin because it is now legal in their country and that is including banks. Banks or Big companies can adapt to big changes and that is including the adaption of Bitcoin to their system. No tycoon will close down because of some kind of currency. |
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It can give a lot of confusion of course. First off Bitcoin must be legal in order for you to do that. Because Bitcoin if illegal you won't be caught about money laundering but you will be caught by illegal possession of Bitcoin. Also if it is legal it will be easy to launder money because it is secure and private the only problem is converting it back to Fiat.
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Maybe invest in a business or in what can be profitable. Money should work on themselves and multiply. But the choice has to be reasonable and not risky.
As of present situation price is dropping and today's value somewhere around 900$ plus. I could say better could hold the bitcoin for the future pump instead of investing or selling it now. We could more value in upcoming pumps. This a good opportunity to buy bitcoin, I'm sure the price will reach $ 1,000 in a week or at least this month. bitcoin price decrease will not be long, just like when halving day july ago. prices fell yesterday because of a panic selling so the price down very quickly because a lot of users who sell their bitcoin including me Lol but if prices come back down, it was a great opportunity to dump Well you can't earn anything if its not risky because the higher the risk the higher the profit. The amount of profit will always relate to the amount of risk you are willing to take. And yes Bitcoin's price right now is due to profit taking of traders now it will be a matter of time before it goes back up again to 1000$. |
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I think 2017 will be a great year for bitcoin.More people will strat invest in bitcoin and bitcoin will get more popularity.Again,bitcoin price will hit upto 2K as experts are saying.Overall, bitcoin will become more trusted and strong crypto currency.
An increase in demand really depends on how businesses will accept Bitcoin. If the businesses accept Bitcoin as mode of payment then the people will find out that Bitcoin is as useful as fiat currency. Also 2000$ is an optimistic expectation for Bitcoin it even failed to sustain 1100$ this time. But we still have 51 more weeks of 2017 to prove Bitcoin can reach that kind of level. |
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No. What does a bank do with Bitcoin anyways when they do have a lot of Fiat currency in hand? But some wallets handle the conversion of Bitcoin to Fiat in a way by depositing Fiat to your bank account if you are really looking for an option of banks accepting Bitcoin that is the only way around it.
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We are now experiencing the efficient, fast and amazing convergence of technologies which one way or the other greatly contributing to the rise of the cryptocurrencies and making Bitcoin as the King of the Hill so far.
Looking into the future...what do you think will be the scenario involving Bitcoin twenty years from now? Will Bitcoin be worth more than a million or will it ceased to exist? Or will a new crytocurrency replace the supremacy of Bitcoin...?
Mining of Bitcoin will be held till 2145. So in coming 20 years definitely price of Bitcoin will be climbed up. As well Bitcoin will create a milestone in history. Volatility of price in Bitcoins is another part but importance and value of Bitcoin will definitely rise. May be in future any new cryptocurrency can beat Bitcoin price but Bitcoin will be identified as The pioneer of cryptocurrencies. I think that's what most people don't realize, is that bitcoin is in it's infancy. Bitcoin's "mining phase" alone will last beyond all of our lifetimes. Let us assume that Bitcoin mining will last until the year 2145 do you think people will still use Bitcoin as a kind of currency or even some kind of payment method? Of course not we don't want to get too much optimistic with our expectations for Bitcoin we might just let ourselves down with it. Bitcoin is still in development stage and it is still slowly developing. |
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Most of my transaction got confirmation within 15 mins upto 1 hour after sending, i hardly experience waiting more than 1 hour for a transactions to confirm, im using coinpayments and coins.ph as wallet and works fast
I thought if you work for YoBit campaign you use that site for your transactions  I use YoBit and there all operations are fast. The maximym that I was waiting is like 30 mins when my friend transferred to me like 0,5 BTC. With little ammounts everything happen for a minute. Yobit is a trading cryptocurrency site. I have no experience with Yobit but maybe you are talking about direct sharing of Bitcoin. The thread is talking about Wallet to wallet transactions which is usually slower. Right now my fastest was 1 hour. But it does not concern me as I don't spend it after all. It can be considered slow for people who have businesses. |
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I don't think that bitcoin has the potential to make banks disappear or even make banks useless . the government especially those elites wouldn't want it to happen even if they already have the control in bitcoin .
Yes, banks is the economic and monetary lifeline of every country and it cant be replaced by BTC, plus how can we encash our BTC if the banks disappear. Yup in this world we live in Cash is still king. Bitcoin without banks or even Fiat can't act on his own. Bitcoin will have no value on the majority of people who don't know it yet. Even in the near future I can't see Bitcoin overtaking any Fiat currency. Because in order for you to use Bitcoin you need to have internet and not all people have internet. |
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I still believe fiat even i use bitcoin.
Bitcoin can be used everywhere as fiat yet. I also use bitcoin, but today for me it's mostly the instrument of money making, I live on those money that I earn with bitcoin. But in daily life I still use fiat, cause there is no place here hat would accept bitcoin as payment directly. Guys the only way that a money/fiat will lose its value is when the government of that country has fallen or the economy of it goes to zero. Either of the 2 and nothing else. Having the outside factor like Bitcoin won't be an issue for the Fiat currency because they are backed up by their own government that has full control over it. |
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It maybe true, teenagers or children are still difficult to understand bitcoin in correctly. They must be able to know the basics bitcoin, but I'm sure they could not manage bitcoin well and correctly. But you're right in the future crypto like bitcoin will evolve, so it is not wrong to introduce bitcoin to them. Using the method explained slowly and gradually it will help them to understand little by little.
To at least a basic knowledge of bitcoin instill in the child, you must first determine the age at which a child will be able to understand and figure out what it is he needs. Otherwise there is a risk to push him away from the bitcoin. I don't know I mean Bitcoin is not really made for kids after all. Maybe we can skip Bitcoin at that part of their life. Teaching them something new and diverse in their new and not completely develop cognitive skills might give them problems rather than solutions. Start with the basics such as saving money from their allowances than later go on to stages like investing their money on something. Then later on in time they might take a look at Bitcoin for their own benefit. |
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Nothing really is future proof in this world. Look at the cellphones new phones are being launch every month. Computers are getting outdated quickly. Technology now has a fast development we don't know what will we see next. In Bitcoin we don't know what kind of developtment will affect it in the certain future. But I assure you it is also not future proof.
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When people is using a bitcoin,
it has many benefits that can give you,
one of this benefits is that, it makes your
transaction faster.
How can paying in Bitcoin makes your transaction better? Lets put it this way which is faster handing your cash payment to the cashier? Or sending Bitcoin to the cashier? Of course when you are handing your payment to the cashier he/ she receives it instantly while with Bitcoin they still need to confirm that they have received your payment and it will take more than 30 minutes to do it. |
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Nope. If popularity is asked of course US dollar will win. If you ask people do they know what USD is they will say Yes. And if you ask if they know what Bitcoin is almost all people will say no. Also another fact is that all banks in the world accepts US dollar accounts in their local banks. While Bitcoin is not even recognize by any banks. I hope you get my point.
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